FTSE 100 extends rally to fourth day

Monday, 09 November 2009 12:00

The FTSE 100 rose 1.8 per cent to 5,235.18, extending its rally to four days, after the G20 members pledged to continue economic stimulus measures.

Royal Bank of Scotland (RBS) led the gains, rising 6.04 per cent to finish at 39.90p, followed by Kazakhmys, up by 6.02 per cent, benefiting from firmer metals prices.

Xstrata also advanced, by 5.04 per cent, while Antofagasta was up by 4.86 per cent.

Cadbury made a small 0.4 per cent gain on the day, after Kraft made an unchanged £9.7 billion bid for the confectioner, which was quickly rejected.

Few stocks were in the red by the end of the day, but Lloyds Banking Group is still falling and was down by 2.54 per cent.

Over in the US, the G20 pledge also helped stocks rise on the Dow Jones, which was up by 1.2 per cent, while the S&P 500 rose by 1.4 per cent in early afternoon trading.

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